<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The article is related to a topical issue of the newly-arisen market power phenomenon in the electric power industry. The authors point out to the importance of effective instruments and methods for credible estimation of the market power on liberalized electricity market as well as the forms and consequences of market power abuse. The fundamental principles and methods of the market power estimation are given along with the most common relevant indicators. Furthermore, in the work a proposal for determination of the relevant market place taking into account the specific features of power system and a theoretical example of estimating the residual supply index (RSI) in the electricity market are given.</p></abstract>

The article is related to a topical issue of the newly-arisen market power phenomenon in the electric power industry. The authors point out to the importance of effective instruments and methods for credible estimation of the market power on liberalized electricity market as well as the forms and consequences of market power abuse. The fundamental principles and methods of the market power estimation are given along with the most common relevant indicators. Furthermore, in the work a proposal for determination of the relevant market place taking into account the specific features of power system and a theoretical example of estimating the residual supply index (RSI) in the electricity market are given.

Methods for Estimation of Market Power in Electric Power Industry

Laboratory for Power System Mathematical Modelling, Institute of Physical Energetics, Aizkraukles iela 21, Riga, LV-1006, LATVIA

Latvian Journal of Physics and Technical Sciences

{"article-title":"Methods for Estimation of Market Power in Electric Power Industry"}

The article is related to a topical issue of the newly-arisen market power phenomenon in the electric power industry. The authors point out to the importance...

Methods for Estimation of Market Power in Electric Power Industry

Published Online: May 18, 2012

Page range: 14 - 23

DOI: https://doi.org/10.2478/v10047-012-0008-2

Keywords
market power, electricity market, liberalization, regulation

This content is open access.

Methods for Estimation of Market Power in Electric Power Industry

Published Online: May 18, 2012

Page range: 14 - 23

DOI: https://doi.org/10.2478/v10047-012-0008-2

Keywordsmarket power, electricity market, liberalization, regulation

This content is open access.

Keywords
market power, electricity market, liberalization, regulation